CTS (NYSE:CTS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of CTS Corporation (NYSE:CTS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.25 and traded as high as $59.89. CTS shares last traded at $59.45, with a volume of 188,926 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CTS. Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, CTS has an average rating of “Hold”.

CTS Trading Up 0.1%

The company’s fifty day moving average is $63.01 and its 200-day moving average is $55.25. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.70 billion, a P/E ratio of 25.41, a P/E/G ratio of 1.53 and a beta of 1.04.

CTS (NYSE:CTS) last announced its earnings results on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. The firm had revenue of $139.23 million for the quarter, compared to the consensus estimate of $136.83 million. CTS had a net margin of 12.46% and a return on equity of 12.90%. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, sell-side analysts anticipate that CTS Corporation will post 2.43 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be paid a $0.04 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. CTS’s payout ratio is presently 6.84%.

Hedge Funds Weigh In On CTS

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in CTS by 29.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 239 shares during the period. Parallel Advisors LLC grew its holdings in CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after buying an additional 1,058 shares during the last quarter. Royal Bank of Canada increased its position in CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after buying an additional 710 shares during the period. Entropy Technologies LP bought a new position in CTS in the 1st quarter worth approximately $387,000. Finally, Captrust Financial Advisors lifted its holdings in shares of CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after buying an additional 876 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.